After suffering from a humiliating defeat in the recently concluded US 2010 Midterm elections, US President Barack Obama held a news conference. President Obama admitted that the Democratic Party setback is an indication that US voters are getting frustrated with his economic agenda.

Top Republicans John Boehner earlier vowed to go against President Obama‘s healthcare reforms. During the conference, President Obama said that he will find a way to work out with the Republicans. President Obama put emphasis on the importance that both Republicans and Democrats must work together.

In the recently concluded 2010 US Midterm elections, Americans voted for 435 seats in the House of Representatives, 37 of the 100 seats in the Senate, governorships of 37 of the 50 states and all but four state legislatures.